Cisco's Problems With Solutions Should Ease

FBR notes that rival threats from software-defined networking are abating.

We are upgrading shares of Cisco Systems to Market Perform from Underperform and increasing our price target to $19 from $17.

We expect: 1) As a result of software-defined networking (SDN) overlay solutions gaining more traction than we expected, a portion of the near-term pressure on traditional routing and switching could be pushed out a quarter or...